Hong Kong stocks slipped on Wednesday, posting their third straight losing session as investors showed caution ahead of an expected US interest rate cut. The Hang Seng index fell 0.1%, to 26,754.12, while the China Enterprises Index lost 0.2%, to 10,478.50.
Both indexes fell for a third consecutive session. The top gainers among H-shares were ANTA Sports Products Ltd up 3.97%, followed by Longfor Group Holdings Ltd gaining 3.01% and China Taiping Insurance Holdings Co Ltd up by 1.65%. The three biggest H-shares percentage decliners were China Shenhua Energy Co Ltd down 2.61%, China Petroleum & Chemical Corp down 2.26% and PetroChina Co Ltd down 1.62%. The US Federal Reserve is widely expected to lower key borrowing costs by 25 basis points on Wednesday.
Meanwhile investors also kept a keen eye on the latest developments in Sino-US trade talks. US President Donald Trump said on Tuesday his administration could seal a deal on trade with China before the US presidential election, or an agreement could be reached the day after US voters go to the polls.
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